UMH PROPERTIES/SH SH (NYSE:UMH) announced a quarterly dividend on Thursday, October 1st, Zacks reports. Shareholders of record on Monday, November 16th will be given a dividend of 0.18 per share by the real estate investment trust on Tuesday, December 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date is Friday, November 13th.
Shares of UMH PROPERTIES/SH SH stock traded up $0.24 on Friday, reaching $14.41. The company’s stock had a trading volume of 116,665 shares, compared to its average volume of 187,907. The company has a market capitalization of $595.74 million, a price-to-earnings ratio of -19.74 and a beta of 1.08. The firm’s fifty day simple moving average is $14.06 and its two-hundred day simple moving average is $12.55. UMH PROPERTIES/SH SH has a 52 week low of $8.63 and a 52 week high of $16.64. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 4.55.
UMH PROPERTIES/SH SH (NYSE:UMH) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.10. UMH PROPERTIES/SH SH had a negative return on equity of 6.24% and a negative net margin of 4.86%. As a group, research analysts predict that UMH PROPERTIES/SH SH will post 0.66 EPS for the current year.
UMH has been the topic of a number of research reports. Maxim Group restated a “buy” rating and issued a $18.00 price target on shares of UMH PROPERTIES/SH SH in a research note on Tuesday, August 11th. B. Riley raised their price target on UMH PROPERTIES/SH SH from $15.00 to $16.00 in a research note on Wednesday, June 10th. DA Davidson upgraded UMH PROPERTIES/SH SH from a “neutral” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, September 21st. Berenberg Bank initiated coverage on UMH PROPERTIES/SH SH in a research note on Thursday. They issued a “buy” rating and a $19.00 price target on the stock. Finally, Zacks Investment Research downgraded UMH PROPERTIES/SH SH from a “hold” rating to a “sell” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $17.00.
About UMH PROPERTIES/SH SH
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 118 manufactured home communities containing approximately 21,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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